Swiss National Bank Sells 153,600 Shares of General Motors Company $GM

Swiss National Bank lowered its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,771,400 shares of the auto manufacturer’s stock after selling 153,600 shares during the quarter. Swiss National Bank owned about 0.30% of General Motors worth $168,972,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Steigerwald Gordon & Koch Inc. acquired a new position in General Motors during the 3rd quarter worth about $29,000. Armstrong Advisory Group Inc. increased its position in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares in the last quarter. ESL Trust Services LLC acquired a new stake in General Motors in the 3rd quarter valued at about $37,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of General Motors in the second quarter worth about $38,000. Finally, Motco raised its stake in shares of General Motors by 293.0% in the third quarter. Motco now owns 841 shares of the auto manufacturer’s stock worth $51,000 after acquiring an additional 627 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Trending Headlines about General Motors

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General Motors Trading Down 0.8%

GM opened at $74.60 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. The company has a market cap of $67.44 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 0.41 and a beta of 1.37. The firm has a 50 day simple moving average of $81.33 and a 200 day simple moving average of $71.96. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. During the same period in the prior year, the business posted $1.92 earnings per share. General Motors’s revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors announced that its board has approved a share repurchase plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a $0.18 dividend. The ex-dividend date is Friday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s dividend payout ratio is 23.92%.

Wall Street Analysts Forecast Growth

GM has been the topic of several research analyst reports. Wedbush increased their price target on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Mizuho upped their price objective on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Evercore increased their price objective on General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. The Goldman Sachs Group set a $104.00 target price on General Motors in a research note on Tuesday, January 27th. Finally, Citigroup boosted their target price on General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.39.

View Our Latest Report on GM

About General Motors

(Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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